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, misspecifies the relationship between education and the stock of human capital. Based on human capital theory, the specification of …
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We consider education as a number of multistage creative processes and analyse one of them - teaching knowledge (process P1) - in detail. In part 1 we describe the idea of Virtual Production Line (VPL), introduced by Walukiewicz in 2006 as an extension of Classical Production Line (CPL), an...
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